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The impact of globalization on the composition of government expenditures: Evidence from panel data

Dreher, Axel; Sturm, Jan-Egbert; Ursprung, Heinrich W. - 2006

According to the disciplining hypothesis, globalization restrains governments by inducing increased budgetary pressure … globalization (compensation hypothesis). Employing two different datasets and various measures of globalization, we analyze whether … globalization has indeed influenced the composition of government expenditures. For a sample of 108 countries, we examine the …

Persistent link: https://www.econbiz.de/10010285894

Globalization and Protection of Employment

Fischer, Justina A. V.; Somogyi, Frank - 2009

Unionists and politicians frequently claim that globalization lowers employment protection of workers. This paper tests … globalization and two labor market segments. While overall globalization is shown to loosen protection of the regularly employed, it …

Persistent link: https://www.econbiz.de/10010285828

Do autocratic states trade less?

Aidt, Toke S.; Gassebner, Martin - 2007

The paper analyzes whether the political regime of a country influences its involvement in international trade. Firstly, we develop a theoretical model that predicts that autocracies trade less than democracies. Secondly, we test the predictions of the model empirically using a panel of more...

Persistent link: https://www.econbiz.de/10010277794

Forecasting High-Yield Bond Spreads Using the Loan Market as Leading Indicator

Simmons-Süer, Banu - 2013

This paper attempts to find an aggregate leading indicator to predict the spreads observed for high-yield (HY) bond indices. Using a vector error correction (VEC) specification for quarterly data, we establish a long-term equilibrium relationship between the HY market spreads and its...

Persistent link: https://www.econbiz.de/10013087113

It's Politics, Stupid! Political Constraints Determine Governments’ Reactions to the Great Recession

Gunzinger, Fabian - 2014

Relying on a large sample of countries, this paper quantifies the effect of political constraints, as measured by legislative control by the incumbent government, on the size of fiscal stimulus packages that have been put in place as reaction to the Great Recession. The results suggest that on...

Persistent link: https://www.econbiz.de/10013049226

Does Terror Threaten Human Rights? Evidence from Panel Data

Dreher, Axel; Gassebner, Martin; Siemers, Lars H.R - 2013

The paper presents a political economy model linking terror and governments' respect for human rights. Using panel data for 111 countries over the period 1973-2002, we then empirically analyze whether and to what extent terror affects human rights - measured by three indices covering a wide...

Persistent link: https://www.econbiz.de/10014052801

Has globalisation increased inequality?

Dreher, Axel; Gaston, Noel - 2006

There has been no shortage of theories which purport to explain why globalisation may have, adverse, insignificant or even beneficial effects on income and earnings inequality. Surprisingly, the empirical realities remain an almost complete mystery. In this paper we use data on industrial wage...

Persistent link: https://www.econbiz.de/10010285880

Has globalisation really had no effect on unions?

Dreher, Axel; Gaston, Noel - 2005

For a number of OECD countries, the deterioration of labour market outcomes for less-skilled workers since the early 1980's has coincided with a steady decline in union membership. Globalisation is commonly believed to have contributed to both developments. However, recent studies fail to find...

Persistent link: https://www.econbiz.de/10010285893

Hosting multinationals: Economic and fiscal implications

Egger, Peter; Köthenbürger, Marko - 2015

Switzerland is a prime location for both domestically owned as well as foreign-owned multinational enterprises (MNEs). In this paper, we review the literature on MNE activity with respect to its main fundamental (non-policy) drivers, the non-fiscal consequences of MNEs for various economic...

Persistent link: https://www.econbiz.de/10011307787

Global technology cycles and local economic performance

Heinrich, Sebastian; Sarferaz, Samad; Wörter, Martin - 2023

This paper studies the global synchronicity of technology and its impact on the economy. We employ dynamic factor analysis to decompose patent data in different digital technologies for various countries into global and country-specific factors. Our findings confirm the existence of global and...

Persistent link: https://www.econbiz.de/10014374599